Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131. 67, with a total payback amount of 6,320.

12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720. Representative 18. 23 APR.

Background. Summary of Council decision: Two issues were investigated, both of which were Upheld. Ad description. A TV ad for a payday loans company featured a voice-over which stated, "Even with the best training, keeping an eye on our money can be a bit of a tease, and if low interest cash loans looking at your finances, The Money Shop can point you in the right direction. " On-screen text then switched from "All loans are subject to credit and affordability checks so not all customers may be eligible for a £1000 limit.